TELCO M1 and Safra are among some of Wirecard's former merchants experiencing disruptions to their payment services following the cessation of Wirecard's services in Singapore last week.
PROMPT payments fell to a new low in the third quarter of 2020, and accounted for less than two-fifths of total payment transactions, the Singapore Commercial Credit Bureau (SCCB) said on Tuesday.
TEMASEK Holdings will establish Seviora Holdings, a Singapore-based asset management group that will offer a broad range of multi-asset and multi-strategy investment expertise.
ANALYSTS see a mild positive from the latest move by the Singapore regulator to extend debt relief for certain individuals and small businesses into 2021.
CITI analysts remain "comfortable" with Singapore banks' credit cost forecasts even as debt relief for certain individuals and small businesses will be extended into 2021.
RAZER Fintech, the financial technology (fintech) arm of gaming peripherals brand Razer, is launching a virtual prepaid card targeted at youth and millennials in Singapore next January.
THE number of single family offices (SFOs) in Singapore has grown in recent years to about 200 at present, said Senior Minister Tharman Shanmugaratnam on Monday.
LOCAL lender DBS and Standard Chartered have jointly led a workgroup of 12 other banks to create and conduct a proof-of-concept (POC) for a digital Trade Finance Registry (TFR).
WITH the number of financially distressed companies expected to rise as debt moratoriums wear off, the government is seeking to make it easier for micro and small enterprises to restructure their debts or wind up their business.
CITI is expecting more billion-dollar deals in South-east Asia's equity capital markets over the next 12 months as markets rebound, with the region looking to play catch up to the rest of the world.
